A very important project that we have in mind at the moment is an investment of about 1,500 Megawatts in floating photovoltaic panels, which we want to realize together with the Emirati company Masdar, on Friday announced, during a conference on the market of capital, the president of Hidroelectrica, Bogdan Badea."The Hidroelectrica company focuses on several targets. The first target is to maintain and increase the company's profitability and financial performance, which also comes with the plan to increase the installed capacity in terms of the production and diversification of energy sources, exclusively "green", because Hidroelectrica is a "green" company. We want to keep this label as a "green" company. Our investment plans, in addition to new hydro capacities that we can still achieve while also taking into account the environmental restrictions that we have at the moment, are moving towards diversification towards other regional energy sources, especially wind and photovoltaic. We already have the Crucea wind farm in operation, which was integrated into the portfolio. The operational results were beyond expectations, and the synergies that various sources of renewable energy benefit from have helped the company to diversify its production portfolio and increase profitability. Another very important project that we are considering at the moment is an investment of about 1,500 Megawatts in floating photovoltaic panels. It is an investment that we want to make together with the Emirati company Masdar. It is a new investment in Romania at such a size," said Badea.The representatives of Hidroelectrica and those of Masdar signed, on March 20, 2023, in the capital of the United Arab Emirates - Abu Dhabi, a joint venture agreement that engages the two companies in a joint investment approach aimed at the creation of off-shore wind farms and floating solar parks in Romania.
This article series tells the stories of the 15 finalists selected in the BVB Arena program. BVB Arena is the flagship program of the Bucharest Stock Exchange, dedicated to developing and promoting the Romanian entrepreneurial environment. The program’s goal is to select and promote Romanian companies that have the greatest growth potential and high chances […]
Salt Bank, the first 100% digital Romanian bank built entirely from scratch, has been named by Celent as the 2025 Model Bank for Digital Bank Launch. Celent is one of the world’s most prestigious research and advisory firms focused on technology for financial institutions. By receiving the title of "2025 Model Bank for Digital Bank […]
The 8th edition of the national educational program “Healthy Lifestyle, Diverse Nutrition and an Eco-Responsible Attitude” under the motto “Good for Taste, Good for Health, Good for the Planet!” has concluded. The program was organized by the Taste Celebration Association and funded by the Auchan Foundation with 100,000 euros. The program aims to convey to […]
Romania's budget deficit, meaning the gap between revenues and expenditures, reached 3.39% of GDP after the first five months of the year, while the new government grapples with balancing initiatives. The deficit increased compared to the first four months, when it stood at 2.95% of GDP, and remained roughly stable compared to the first five […]
eLog, a Balkan-based provider of reusable transport packaging systems for the retail sector, has entered the Romanian market by leasing 4,000 sqm of warehouse and office space at CTPark Bucharest North. The facility, developed by CTP, will serve as eLog’s first operational hub in Romania, supporting its expansion into local retail logistics. Specializing in Retail […]
More than three-quarters of Romanians (76%) see Artificial Intelligence as an opportunity for the economy and society, although half of them also acknowledge its risks, according to a new RoCoach and Novel Research study. Overall, over one-third of respondents (35.7%) believe that AI will primarily lead to job losses, even if new types of roles […]
